The president promises sweeping price cuts "almost immediately", but experts say these are unlikely.
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Scooped by
Graham Watson
onto Microeconomics: IB Economics May 13, 7:36 AM
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This BBC article suggests that President Trump's attempts to intervene and limit US drug prices is less straightforward than it might appear. Experts can't see the US government negotiating sizeable reductions in drug prices in the immediate term.
Of course, whether any meaningful action is taken will depend upon the President's attention span above all, but industry insiders think that lower drug prices could also have implications for the level of research in the sector, and ultimately negligible effect on price.